AACS American Commerce Solutions Inc (CE)

American Commerce Solutions, Inc. (OTCBB:AACS) today released preliminary results of operations for IMW, its wholly owned subsidiary, for the quarter ending May 31, 2006. Daniel L. Hefner, President and CEO of ACS stated, "Subject to final adjustments, IMW will report total revenue of $615,523 for the first quarter. This is in contrast to $558,283 for the same period last year. This represents a revenue increase of 10.3% for the period. Don Harrison and his IMW team continue to meet or exceed our expectations." According to Harrison, "Our team at IMW is improving daily. The revamped responsibilities and tightening of our geographical sales areas have been effective. Revenue for the month and quarter are increases over the same prior year periods. While this is significant, equally important is the increase in gross profit for both the month and the quarter over the prior year of 30.74% and 23.02%, respectively. This validates our efforts and encourages our team to continue to implement our plans." Harrison continued, "I have previously stated that I expected this to be a banner year. Time will tell, but my confidence that we have the right team in place to make it happen was bolstered this quarter and even more so in the third month. Net profit for the quarter improved over the prior year from an 11.21% loss to a loss of 2.65%. For the month of May, IMW improved from an operating loss of 10.52% to a .223% profit. We are, in fact, maximizing our current opportunities until the anticipated new manufacturing opportunities materialize." Information about International Machine may be seen at the company website, http://www.aacssymbol.com . The company's other wholly owned subsidiary, Chariot Manufacturing Company, Inc., manufacturers of highly regarded fiberglass motorcycle trailers maintains a website at http://www.chariot-trailer.com . ACS also has a Strategic Partner relationship with American Fiber Green Products, Inc., which can be viewed at http://www.americanfibergreenproducts.com . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.